Why Finance Shouldn’t Be the Only Game in Town: Edward Glaeser
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Dec. 20 (Bloomberg) -- Every December, New York’ssalespeople dust off the Chateau Petrus and the Mercedes-BenzAMG Roadsters in the hope that St. Nicholas, erstwhile patronsaint of the city, will drop big bonus checks into the stockingsof local financiers.
This year, the jolly old elf doesn’t seem to be spreadinghis largesse too widely on Wall Street. Yet the city as a wholeseems to be weathering the financial decline better than onemight have expected, and with luck, New York will emerge fromthis downturn as a more economically balanced city.